Kalrock-Jalan group in rush to revive Jet Airways ahead of March deadline

Disagreements have emerged on funding pre-operative expenses which are necessary for DGCA approval

The consortium of UAE-based businessman Murarilal Jalan and UK based private equity fund Kalrock Capital is pushing ahead to restart operation of Jet Airways.

While, differences have emerged with lenders- , an SBI led consortium, over who would fund the pre-operative expenses to revive the airline’s license, the consortium has fastened preparation to get the airline’s license approved, sources said.

The licensing process, known as CAP 3100 has to be fulfilled by all operators looking to start scheduled air transport service and requires them to show that a system is in place to operate aircraft safely. This requires setting up an organisation